We are excited to let you know that we have started digitizing Village Saving and Lending Groups also known as School Community Banks(SCOBAs), starting with 33 of them With support from the Roddenberry Foundation Catalyst Fund, we are working with
Ensibuuko Technologies, a leading fintech in Uganda to roll out a digital VSLA program that will be used in all our member groups.
Using mobile phones, SCOBA members shall be able to record all saving and lending processes and each member will have the capacity to check the progress using their phones wherever they are. The Kisoboka Africa team has been trained and have already started rolling out in the rural areas were work beginning starting with Mayira community in Lwengo at the beginning of February
While the rest of the world is moving at a very high speed digitally, most rural areas in Africa still lack the opportunities to be involved in the digital economy. We believe that technology can play transformative role in accelerating prosperity and so rural communities need to be digitally financially included in order not be left out.
Kisoboka Africa will be working around the clock this year to bridge the digital divide in the underserved communities we operate in for more 33 groups empowering over 900 members. We are super excited about the possibilities this will open up for example easy access to savings and loan information by group members using their simple mobile phones(Using USSD).